农产品日报（2026 年2 月13日）-20260213

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - Corn is expected to be weak in a volatile manner. The main corn contract 2605 increased in positions and rose this week, breaking through the upper limit of the volatile range. The market is mainly led by macro and capital factors. The spot market is inactive, and the price of Northeast corn is stable. The trading activity is low before the Spring Festival, and the price remains basically unchanged. The downstream feed enterprises are still cautious and观望, and the purchasing speed is slow [1]. - Soybean meal is expected to be volatile. The CBOT soybean reached a two - month high on Thursday. The market interprets the news of Trump's planned visit to China and the close communication between China and the US economic and trade teams as positive for US soybean exports. However, the weekly export sales data is lower than expected. In China, the protein meal increased in price with a decrease in positions. The rise in US soybeans drives up the import cost and boosts the domestic protein meal market. The spot market trading is light, and the basis is firm. The strategy is to participate in the short - term and exit the 5 - 9 reverse spread [1]. - Oils are expected to be volatile. The BMD palm oil fell for the third consecutive day on Thursday, affected by the appreciation of the Malaysian ringgit and the weakness of the surrounding markets. Industry experts expect the price of Malaysian palm oil to decline due to sufficient supply and weak demand. In China, palm oil prices are falling, while soybean oil and rapeseed oil prices are firm. The market continues to digest the negative news, and the spot market has little guidance on the futures. The strategy is to focus on the short - term [1]. - Eggs are expected to be volatile. The main egg futures contract 2604 continued to rebound on Thursday, rising 1.39%. The spot price of eggs decreased slightly. As the Spring Festival approaches, most markets in the sales areas are closed. It is recommended to hold a light position or no position during the festival and pay attention to the changes in egg demand and related commodity prices [1]. - Pigs are expected to be volatile. The main pig futures contract 2605 fell slightly on Thursday. The spot price of pigs increased in some areas and remained stable or decreased in others. As the Spring Festival approaches, the slaughter volume of the breeding end decreases, and the price - supporting attitude is positive. It is necessary to pay attention to the changes in spot prices and related commodity prices during the festival [1][2]. 3. Summary of Relevant Catalogs 3.1 Market Information - On February 9, the "Agricultural Product Wholesale Price 200 Index" was 129.51, down 0.25 points from last Friday, and the "Basket of Vegetables" product wholesale price index was 132.33, down 0.29 points from last Friday. As of 14:00 today, the average price of pork in the national agricultural product wholesale market was 18.34 yuan/kg, unchanged from last Friday; beef was 66.08 yuan/kg, down 0.6% from last Friday; mutton was 64.51 yuan/kg, up 0.1% from last Friday; eggs were 8.39 yuan/kg, down 1.4% from last Friday; and white - striped chickens were 17.18 yuan/kg, down 1.3% from last Friday [3]. - As it is the last week before the Spring Festival, many soybean crushing plants have stopped production and are on holiday. Most of them stopped production from February 9 - 12 and will resume operation from February 24 - 26. Feed and breeding enterprises have stocked up in advance, and the market trading is light. Although the operating rate of the plants decreases after the shutdown, due to limited purchases after the stockpiling, the soybean inventory in the plants is sufficient, and the supply of soybean meal is loose, leading to a continued weak downward trend in soybean meal prices [3]. 3.2 Variety Spreads - The report provides charts of contract spreads and contract basis for various agricultural products, including corn, corn starch, soybeans, soybean meal, soybean oil, palm oil, eggs, and pigs, but no specific spread data is analyzed in the text [4][13]. 3.3 Introduction of the Agricultural Product Research Team - Wang Na is the director of the agricultural product research at Everbright Futures Research Institute and the leader of the top ten investment research teams of the Dalian Commodity Exchange. She has won the "Best Agricultural Product Analyst" title in the Futures Daily and Securities Times' best futures analyst selection for many years. She has rich experience and has led the team to win many honors [27]. - Hou Xueling is a soybean analyst at Everbright Futures, with more than ten years of futures experience. She has also won the "Best Agricultural Product Analyst" title and her team has won many awards [27]. - Kong Hailan, an economics master, is the researcher of the egg and pig industries at Everbright Futures Research Institute. She has participated in many media interviews and her team has won multiple honors [27].